Boeing (NYSE:BA) Trading 2.2% Higher

Shares of The Boeing Company (NYSE:BA) rose 2.2% during trading on Thursday . The company traded as high as $182.58 and last traded at $182.48. Approximately 1,908,047 shares were traded during trading, a decline of 78% from the average daily volume of 8,527,451 shares. The stock had previously closed at $178.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on BA. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. reduced their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Morgan Stanley decreased their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. The Goldman Sachs Group cut their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Down 0.3 %

The company has a 50 day moving average of $178.50 and a 200 day moving average of $198.77.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Several institutional investors have recently modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter valued at $26,000. Evolution Advisers Inc. acquired a new stake in Boeing during the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing during the fourth quarter worth about $28,000. Vima LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.